Ryanair to hit passengers in Europe with 'double-digit' hikes in air fares

AI Summary

Ryanair plans to raise fares by double-digit percentages next year and launch a cost-cutting drive as jet fuel prices rise amid the Middle East war. The increase could affect air travel costs for passengers across Europe.

Irish no-frills airline Ryanair said Monday it would launch a cost-cutting drive and hike fares next year to help offset the impact of soaring jet fuel prices driven by the Middle East war.